Birla Sun Life Insurance Investment Plans

Birla Sun Life Insurance Company

Birla Sun Life Insurance Company Limited (Birla Sun Life Insurance / BSLI) is a joint venture between the renowned business house of India, the Aditya Birla Group, and Canada’s esteemed international financial services organisation, the Sun Life Financial Inc. BSLI offers a diversified product bouquet consisting of a wide range of solutions spanning wealth creation, life coverage, children’s future, retirement planning, health & wellness, and much more. With over 550 offices located across the length & breadth of the country, this insurer has a customer base of 2 and a half million, an advisory network of 1,05,000, and over 100 business & distribution partnerships.

Birla Sun Life Insurance Investment Plans

BSLI Investment Plans offer a great amount of flexibility and liberty so that you can derive the maximum returns from each penny invested by you. You can opt to manage your funds on your own or rely on the expertise of the company, who would control your funds in a systematic fashion, thereby ensuring that you tap the maximum profits. Further, these plans also provide you with life coverage, so that your family’s financial well-being remains protected, even in your absence.

Investment Plans

No matter which life stage you are currently in, an Investment plan will always be your perfect ally to battle out those critical phases of life. These plans encourage you to save on a regular basis, whilst you are earning, so that you have enough funds to support the immediate requirements occurring as a result of an unforeseen exigency. Opting for a Unit Linked Insurance Plan would help you build wealth over a period of time and simultaneously provide you with protection, under the same umbrella.

Common Features of Birla Sun Life Insurance Investment Plans:

Flexibility to make partial withdrawals

Liberty to switch between funds and even between investment options

Death Benefit & Maturity Benefit

Provision for Premium Redirection

Freedom to increase investment by Top-Ups

Income Tax benefits

List of Different Investment Plans Offered By Birla Sun Life Insurance Company, With Features, Benefits And Eligibility

UBSLI Wealth Max Plan

Features:

A Single Premium Unit-Linked Life Insurance Plan

Pay premium only one single time and avail coverage throughout the policy term

Freedom to choose any policy term from 5, 10 ,15 or 20 years as per your financial goals & commitments

Avail a Basic Sum Assured of as much as 10 times the amount invested as premium in the plan. There is also a provision of choosing the sum assured of 1.25 or 5 times the basic premium

As many as 11 funds to choose from, ranging from 100% debt exposure to 100% equity exposure, with each of them catering to a specific risk appetite and investment goal (For Self-Managed Option):

Income Advantage: This fund invests the premiums in high quality debt instruments such as government securities & high rated corporate bonds, thereby ensuring capital preservation and high degree of safety.

Assure: With an aim to render capital conservation along with safety & liquidity, this fund allows the money to be invested in short-term, fixed-interest securities.

Enhancer: This fund offers a balanced exposure to risk & return by investing in equity as well as debt instruments.

Creator: With an objective of rendering long-term capital appreciation, this fund option invests the money in fixed income securities & high quality equity securities.

Super 20: Invests the funds only in powerful and liquid large-cap companies.

Pure Equity: As the name suggests, the fund enables investment in high quality equity, but of selective businesses only.

Value & Momentum: Constitutes of deep value stocks of those companies who promise robust growth and great momentum.

Capped Nifty Index: This fund invests the money in equity shares of those companies, which are a constituent of the Capped Nifty Index.

Make a choice between 2 investment strategies - Systematic Transfer Option or the Self-Managed Option.

Systematic Transfer Option: The objective of this strategy is to protect your funds from market downturns. Under this option, your premium is initially allocated to the very low risk bearing Liquid Plus fund, followed by monthly transfers of 1/12th of the allocated amount to a segregated fund of your preference. You can select from a range of medium to high-risk funds, which include, Enhancer, Maximiser, Multiplier, Super 20, Capped Nifty Index and Asset Allocation. You may choose 1st, 8th, 15th or 22nd of the month as the date for the monthly transfers to the segregated funds.

Self-Managed Option: On choosing this option, you enjoy the liberty to manage and control the funds in your desired manner. You can choose any of the 11 funds to invest your premiums.

Liberty to switch money from one segregated fund to another, subject to a minimum switch amount of Rs. 5,000.

Hassle-free switch from Self-Managed Option to Systematic Transfer Option and vice versa, after the first policy year.

Easily keep a track of your investments in the following three ways –

Check the website of Birla Sun Life Insurance

Glance through the semi-annual statement detailing the number of units you have in each segregated fund with their corresponding unit price as of the last policy anniversary

Check the newspaper for the published unit prices of all segregated funds

In urgent need of money? Fret not! Make unlimited partial withdrawals from your fund, any time after completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Do you have surplus money? Why not invest in the policy and enhance your coverage! You can invest additional amounts as top-up premiums anytime during the policy term, except during the last five years, subject to a minimum top-up premium of Rs. 5,000 and the total of top-up premiums being not greater than the single basic premium paid.

Earn rewards in the form of Guaranteed Additions for being loyal to the company

Be assured that the nominee will receive a guaranteed minimum benefit of 105% of total premiums paid, in case of death of insured

Flexibility of availing the Fund Value at maturity in lump sum or periodic installments

Enjoy income tax benefits on premium payments & benefits received

Benefits:

Guaranteed Additions: From the 6th to the 10th policy year, enjoy Guaranteed Additions that are added to the policy at 0.25% of the Average Fund Value in the last 12 months. Thereafter, from the 11th policy onwards, avail Guaranteed Additions at 0.60% of the Average Fund Value in the last 12 months.

Death Benefit: In the unfortunate event of death of the life insured, the nominee is entitled to receive the higher of the following:

Basic Fund Value as on date of intimation of death, or

Basic Sum Assured

Further, the Death Benefit will also comprise the higher of

Top-up Fund Value as on date of intimation of death, or

Top-up Sum Assured

The Death benefit is subject to a minimum of 105% of total premiums paid to date (excluding service tax)

Maturity Benefit: At the end of the policy term, you become eligible to receive the Maturity Benefit, which is equivalent to the Fund Value. You may avail this benefit in any of the following ways:

Withdraw the amount as a lump sum in one go, or

Avail the proceeds in periodic installments over a period of 5 years from date of maturity on a yearly, half yearly, quarterly, or monthly (through ECS) basis. Alternatively, you can also withdraw the entire Fund Value at any time during these 5 years, without paying any charges.

Choose the best-suited investment strategy from the 3 available options - LifeCycle Option, Systematic Transfer Option, and the Self-Managed Option

LifeCycle Option: Using this strategy, an investment portfolio is worked out, basis your age and risk profile. You need to zero in on the risk profile, you wish to pursue - Conservative, Moderate or Aggressive – according to which, the investments are parked in the Maximiser (Equity Fund) and Income Advantage (Debt Fund). As your age progresses, the investments are automatically shifted from riskier assets to much safer assets.

Systematic Transfer Option: This strategy ensures that your capital is protected from market downturns by allocating the premiums to the very low-risk bearing Liquid Plus fund option, followed by shifting of 1/12 of the allocated amount to your preferred fund every month. You may make a choice between Enhancer, Multiplier, Super 20, Pure Equity, and Value & Momentum funds for transferring your premiums. Further, you also have the option to select a date from 1st, 8th, 15th, or 22nd of every month to carry out the transfer of premiums.

Self-Managed Option: Decide for yourself, in which fund you would wish to invest your premiums. Directly control and manage your funds as per your investment objective and financial goals.

Choose to pay premiums monthly, quarterly, semi-annually, or annually, as per your convenience.

3 easy & simple ways of keeping a watch on your investments:

Check the website of Birla Sun Life Insurance

Check the semi-annual statement, which mentions the number of units you have in each segregated fund along with their corresponding unit price as of the last policy anniversary

Check the newspaper for the published unit prices of all segregated funds

For all those emergency situations, avail the facility of making unlimited partial withdrawals from your fund, any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Provision of investing your surplus money in the policy by way of top-up premiums, anytime during the policy term, except during the last five years, subject to a minimum top-up premium of Rs. 5,000 and the total of top-up premiums being not greater than the single basic premium paid.

Liberty to redirect future premiums for bringing a change in your investment pattern

Full freedom to switch money from one investment fund to another at any time, subject to a minimum switch amount of Rs.5,000.

Option to surrender the policy, in case you encounter an emergency situation

Enjoy income tax benefits on premium payments & benefits received under Section 80C and Section 10(10D) of the Income Tax Act, 1961

Benefits:

Guaranteed Additions : Enjoy guaranteed additions to your policy in the form of units that are added to your policy on the 10th policy anniversary and on every 5th policy anniversary thereafter, at 2.00% of the total premiums paid in the last 60 months. Further, on the 11th policy anniversary and every policy anniversary thereafter, get Guaranteed Additions equivalent to 0.20% of the Average Fund Value in the last 12 months.

Death Benefit : In the unfortunate event of death of the life insured, the nominee is liable to receive the Death Benefit, which is higher of:

Basic Fund Value as on the date of intimation of death, or

Basic Sum Assured

Plus, Higher of:

Top-up Fund Value as on the date of intimation of death, or

Top-up Sum Assured

Eligibility:

Policy Term

Whole life

Entry Age

Minimum: 1 year | Maximum: 60 years

Premium Paying Term (PPT)

: 5 to 30 years

Minimum PPT

Attained age at the end of premium paying term must be 18 years or more

Maximum PPT

Attained age at the end of premium paying term must be 75 years or less

BSLI Wealth Assure Plan

Features:

Pay premium only for 5 years and avail life coverage for 10, 15, 20, 25 or 30 years

Provision to increase the amount of protection by opting for 150%, 200%, 250%, or even 300% of the minimum Basic Sum Assured

Choose between any of the 3 investment options, as per your risk-taking capacity and convenience - LifeCycle Option: On choosing this option, your money is parked in predetermined proportions in 100% equity Maximiser Fund and 100% debt Income Advantage Fund. The allocation is done after taking into consideration your age and risk profile.Systematic Transfer Option: Under this strategy, the money is initially invested in the very low-risk bearing Liquid Plus fund, from where it is systematically transferred to your preferred fund on a monthly basis. You may choose any one of these funds to transfer your premiums - Enhancer, Multiplier, Super 20, Pure Equity, or Value & Momentum. Self-Managed Option: If you have the time and expertise of managing funds, then you can select this option, wherein you can decide to invest your money in any of the available 13 investment funds, which include Liquid Plus (Very Low Risk), Income Advantage (Very Low Risk), Assure (Very Low Risk), Protector (Low Risk), Builder (Low Risk), Enhancer (Medium Risk), Creator(Medium Risk), Magnifier (High Risk), Maximiser(High Risk), Multiplier(High Risk), Super 20(High Risk), Pure Equity (High Risk), and Value & Momentum (High Risk).

Receive Sum Assured plus Fund Value as Death Benefit, in the eventuality of death of the life insured

Checking the semi-annual statement, which mentions the number of units you have in each segregated fund along with their corresponding unit price as of the last policy anniversary

Checking the newspaper for the published unit prices of all segregated funds

Flexibility to make unlimited partial withdrawals from your fund, any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Facility of investing your extra savings in the policy by way of top-up premiums, anytime during the policy term, except during the last five years, subject to a minimum top-up premium of Rs. 5,000.

Liberty to switch between one investment option to another, anytime after the first policy year

Full freedom to redirect future premiums or change your premium allocation percentages from that point onwards

Easily make switches between funds, subject to a minimum switch amount of Rs. 5,000

Enjoy Tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961

Benefits:

Guaranteed Additions: Watch your corpus grow as the Company adds additional units to your policy from 6th to 10th policy anniversary at 0.25% of the average Fund Value in the last 12 months; from 11th to 15th policy anniversary at 0.55% of the average Fund Value in the last 12 months; and from 16th policy anniversary onwards at 0.75% of the average Fund Value in the last 12 months

Death Benefit: In case of unfortunate demise of the life insured, prior to policy maturity, the nominee shall receive the Death Benefit, which is as follows:

Basic Sum Assured + Basic Fund Value as on the date of intimation of death + Top-up Sum Assured + Top-up Fund Value as on the date of intimation of death, subject to a minimum of 105% of total premiums paid to date.

Maturity Benefit : Upon survival at policy maturity, you become eligible to receive the Fund Value.

Surrender Benefit : If you ever face a critical situation, you can surrender the policy anytime during the policy term. On surrendering the policy after 5 policy years, you are eligible to receive the Surrender Benefit, which is equivalent to the Fund Value.

Eligibility:

Entry Age (age last birthday)

Minimum: 8 years | Maximum: 65 years

Maximum Maturity Age

75 years

Policy Term

10 | 15 | 20 | 25| 30 years

Premium Paying Term

5 years

Minimum Basic Premium

For Annual Mode: Rs. 100,000 p.a For Monthly Mode: 180,000 p.a

BSLI Fortune Elite Plan

Features:

A Unit-Linked Life Insurance Plan

Take your pick between policy terms of 20, 25, 30, 35, or 40 years and premium paying terms of 5, 10, 15, or 20 years

Systematic Transfer Option : This option ensures a systematic monthly transfer of your premiums from the Liquid Plus fund (very low risk) to a fund of your choice. You can select any of the following investment funds from Enhancer (medium risk), Maximiser (high risk), or Super 20 (high risk) for transferring your premiums. You also have the option to select the date of such transfer from 1st, 8th, 15th or 22nd of every month.

Return Optimiser Option : Under this option, all your Basic Premiums (net of allocation charges) are invested in the high risk Maximiser fund. The performance of this fund is tracked on a daily basis for a pre-determined upside movement of 10% or more over the net invested amount. Whenever there is a profit of 10% or more, the amount equal to the appreciation is transferred from the Maximiser fund to the Income Advantage fund (very low risk) at the prevailing unit price. This ensures that your returns are stabilized and are safeguarded from market downturns.

Self-Managed Option : This option is for those who would like to manage their funds directly according to their own investment strategy. Policyholders have a choice to select any of the 7 available funds for parking their investments. These include the Liquid Plus (short term fixed income instruments), Income Advantage (high quality medium-term debt instruments), Assure (high quality short-term debt), Enhancer (balanced equity-debt exposure), Magnifier (high quality equity security), Maximiser (equity of blue chip companies), and Super 20 (equity of strong and liquid large cap companies)

Keep a regular track on the performance of your investments by:

Checking the website of Birla Sun Life Insurance

Checking the semi-annual statement, mentioning the number of units you have in each segregated fund along with their corresponding unit price as of the last policy anniversary

Checking the newspaper for the published unit prices of all segregated funds

Make unlimited partial withdrawals from your fund for supporting emergency situations, at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Managed to make some extra savings? Invest the amount in your policy by way of top-up premiums, anytime during the policy term, except during the last five years, subject to a minimum top-up premium of Rs. 5,000.

Full freedom to make switches between funds, subject to a minimum switch amount of Rs. 5,000

Easily switch to Self-Managed Option or Systematic Transfer Option anytime after the first policy year

Enjoy income tax benefits on premium payments & benefits received

Benefits:

Guaranteed Additions: Earn reward in the form of additional units being added to your policy on the 10th policy anniversary and on every 5th policy anniversary thereafter, at the rate of 2.00% of the total premiums paid in the last 60 months. Further, also enjoy Guaranteed Additions at the rate of 0.35% of the average Fund Value in the last 12 months, on the 11th policy anniversary and every policy anniversary thereafter.

Death Benefit: In case of the death of the life insured, during the policy term, the nominee is liable to receive the Death Benefit, which is higher of the following but never less than 105% of total premiums paid to date:

Basic Sum Assured, or

Basic Fund Value as on the date of intimation of death

Plus, Higher Of:

Top-up Sum Assured, or

Top-up Fund Value as on the date of intimation of death

Maturity Benefit: Upon survival at policy maturity, you become eligible to receive the Fund Value.

Surrender Benefit: In emergency situations, if need be, you can surrender the policy anytime during the policy term.

Eligibility:

Entry Age

Minimum: 1 year | Maximum: 55 years

Maximum Maturity Age

75 years

Policy Term

20|25|30|35|40 years

Premium Paying Term

5|10|15|20 years

Minimum Basic Premium

Rs. 40,000

BSLI Wealth Aspire Plan

Features:

A Unit-Linked Life Insurance Plan

2 Plan Options to choose from –

Classic Option: This entitles your nominee to receive a Higher of Sum Assured or Policy Fund Value as Death Benefit, in case of your unfortunate demise during the policy term

Assured Option: This option entitles your nominee to receive the Sum Assured as the Death Benefit, along with the benefit of continuance of policy till the end of the policy term. Further, the nominee does not need to pay any future premiums, as the premiums are funded by the Company, and are added in the Fund Value as and when due.

A wide range of policy terms and premium paying terms at your disposal

Smart Option, wherein, your premiums are allocated between the two segregated funds – Maximiser (equity fund) and Income Advantage (debt fund) in a pre-determined proportion basis the maturity date of your policy and your risk-taking capacity. As time progresses, the investments are managed in such a fashion that the investments are automatically transferred from riskier assets to the safer ones, so that your capital and profits remain protected.

Systematic Transfer Option, wherein, your premiums are at first parked in the Liquid Plus (debt fund), from where the amounts are systematically shifted to a fund of your choice on a monthly or weekly basis. You may select a maximum of four segregated funds out of Enhancer (equity and debt instruments), Creator (fixed income securities & high quality equity security), Maximiser (equity of blue chip companies), Multiplier (midcap & large cap stocks), Super 20 (strong large cap stocks), Value & Momentum (deep value stocks) and Capped Nifty Index (equity shares that form part of a Capped NIFTY Index) for transferring your premiums.

Return Optimiser Option, wherein, all your basic premiums are initially invested in the Maximiser fund, followed by a daily tracking of a pre-determined upside movement of 10% or more over the net invested amount. Whenever the fund reaches the mark of 10% or more, the amount equivalent to the appreciation is transferred to the Income Advantage fund at the prevailing unit price to lock the profits already earned and avoid the capital from being eroded.

Checking the semi-annual statement, mentioning the number of units you have in each segregated fund along with their corresponding unit price as of the last policy anniversary

Checking the newspaper for the published unit prices of all segregated funds

Fund your emergency requirements by making unlimited partial withdrawals from your fund at any time after the completion of 5 policy years or when life insured attains the age of 18, whichever is later, subject to a minimum partial withdrawal amount of Rs. 5,000

Increase your investment by way of top-up premiums, anytime during the policy term, except during the last five years, subject to a minimum top-up premium of Rs. 5,000.

Benefits:

Guaranteed Additions: Enjoy the perks of additional units being added to your policy for being a loyal customer.

Receive Guaranteed Additions on 6th policy anniversary (11th policy anniversary for Band 1) and every policy anniversary thereafter, at a specified percentage of the average Fund Value in the last 12 months:

Policy Anniversary

Band 1

Band 2

Band 3

6 - 10

0%

0.6%

0.6%

11 – 15

0.2%

0.9%

0.9%

16+

0.2%

1.0%

1.0%

Further, receive Guaranteed Additions on the 10th policy anniversary and on every 5th policy anniversary thereafter, at a specified percentage of the average Fund Value in the last 60 months:

Band 1: 2%

Band 2 & Band 3: 2.5%

Death Benefit : In the unfortunate event of death of the life insured, while the policy is still active, the Death Benefit is payable depending upon the plan option chosen.

Classic Option : Under this option, the nominee will receive the higher of the following as the Death Benefit:

Basic Fund Value as on date of intimation of death; or

Basic Sum Assured

Plus, the Higher of:

Top-up Fund Value as on date of intimation of death, if any, or

Top-up Sum Assured

Assured Option: If this option is chosen at policy inception, then the Death benefit receivable by the nominee will be as follows:
Basic Sum Assured + Top-up Sum Assured, if any, subject to a minimum of 105% of total premiums paid to date (excluding service tax).
After payment of the Death Benefit, the policy continues till policy maturity date, on the following terms:

Life coverage ceases to exist

No need to pay future premiums as the same are paid by the Company

Maturity Benefit payable at the end of policy term

Fund Value remains invested in the existing segregated funds and investment option as on date of death of the Life Insured

Guaranteed Additions are receivable as and when due

Apart from mortality charge, all other policy charges are deducted as and when due

No provision of making top up premiums, partial withdrawals, surrenders, switch between investment options, segregated fund switch or premium redirection

Maturity Benefit: Upon survival at policy maturity, you become eligible to receive the Fund Value as the Maturity Benefit. You can avail these proceeds in the following manner:

Withdraw the lump sum in one go, or

Withdraw the proceeds as periodic installments over a maximum period of 5 years from the date of maturity, on a yearly, half yearly, quarterly, or monthly (through ECS) basis, Alternatively, you can also withdraw the entire Fund Value, without paying any charges.

Surrender Benefit: In case of critical situations, you can surrender your policy anytime during the policy term.